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AbstractEuropean integration theory considers to what extent the EU can realize a telos where American pluralism is the template. Not without merits, but considering the financial and eurozone crises fatally, such perspectives elide power relations and attendant contradictions and irrationalities that are constitutive of transatlantic integration itself. Regulation theory, which synthesizes the reformist ethos of Europe's postwar statist tradition and Marxism, and which has produced a considerable body of analysis of the EU published at the margins of EU scholarship, offers a compelling alternative that potentially overcomes these shortcomings. This article critically assesses how regulation theory has interpreted the single market, financial liberalization and EMU as a suppression of alternatives to neoliberal post‐Fordism, or finance‐led accumulation, in Europe. It argues that understanding the EU's current conjuncture of eurozone crisis management requires a neo‐Gramscian extension of regulation theory, stressing transnational patterns of capitalist accumulation and power relations.

Did the financial crisis of 2008 and the subsequent recession rearrange the basic structures of the global economy? To answer that fundamental question, the authors of Exploring the Global Financial Crisis tackle a number of related questions: What has happened, for example, to global flows of people, goods, and capital? Will the euro and the dollar persist as global currencies? Can governments that bailed out failing banks by vastly expanding public debt manage to regain solvency, and at what political cost? Ranging across regions, and from the factors that gave birth to the crisis to current politico-economic rivalries, the authors present both mainstream and critical views on the central issues involved